Saipem, a provider of engineering, procurement, project management and construction services has secured new E&C Offshore contracts worth around $700m in Brazil and Saudi Arabia.
Petrobras has awarded Saipem, an EPCI contract under which it will carry out the engineering, procurement, construction and installationfor the 380km 24-inch diameter gas export pipeline, Rota Cabiúnas.
The pipeline is to be installed at a maximum water depth of 2,200min the Santos basin, about 300km off Rio de Janeiro, using its Castorone pipelay vessel.
The pipeline will connect the central gathering manifold on the Lula field to the onshore Cabiunas processing plant in Rio de Janeiro state.
Saipem will also deploy its deepwater field development vessel FDS2 for the work, which is scheduled for completion in the second quarter of 2014.
The company will also utilize its new yard under development in Guaruja for pipe logistics.
In addition to the Petrobras contract, Saipem has secured a contract for fabrication, transport and installation of offshore structures on the Marjan and Manifa fields off Saudi Arabia.
The contract, signed under a long-term frame agreement with Saudi Aramco, involves construction and installation of four jackets and an observation platform weighing a total of 3300 tons.
Saipem will perform the offshore work using its derrick lay barge Castoro II in the fourth quarter of this year.